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Property management involves a planned activity involving many people performing various actions, administrations and manpower required to manage every aspect of the built physical asset including its acquisition, development, usage, maintenance and disposition (if need be).

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PROPERTY MANAGEMENT PRACTICE

FIRST Edition

ISBN 978-978-59817-3-5 

© Kuye Olusegun

(2022)

Property management involves a planned activity involving many people performing various actions, administrations and manpower required to manage every aspect of the built physical asset including its acquisition, development, usage, maintenance and disposition (if need be). More specifically, property management services would include the holistic maintenance management activities including repairs, improvements; finance (portfolio management); and human resources management among other issues.

This practical oriented book, PROPERTY MANAGEMENT PRACTICE, copiously addressed some of the pertinent components of property management. The book provides a comprehensive, step-by-step guide on topical issues including property management procedure, leasehold management, insurance, service charge administration, and building maintenance practice among others. Other specific contents of this book include:

  • The essential requirements of property management; tools for a successful property management practice; functions of property management department; etcetera..
  • Intrinsic qualities and functions and of a professional Property Manager
  • Lease and tenancy; the contractual agreement and its structure; procedure for repossession of leased property; titbits on how to fast track property repossession process; incidence and implication of conflicts on leasehold management
  • The concept and principles of human relations; nature and sources of conflict; conflict resolution techniques; human relations and property management practice.
  • The concept and structure of service charge; service charge and leasehold management; budgeting, and administration of service charge; methods of service charge apportionment; the importance of providing for service charge in multi-tenanted buildings; service charge performance standards; etcetera.
  • The concept of building maintenance; building life cycle; classification of maintenance; components of building maintenance; rationale and basic elements for building maintenance; of building maintenance; etcetera.
  • Common defects in buildings; causes of building defects; stages of maintenance works; the maintenance process; and causes of poor maintenance culture
  • Maintenance management activities; property ownership and its related obligations

This book will be of immense benefits to Property Managers, Procurement Specialists, Contract Managers, government departments, academicians, students and anyone who is involved in operating, maintaining and managing buildings; and wishes to update their knowledge and thereby further their understanding of the myriad roles and expectations of Property Managers. Furthermore, this book provides valuable guidance to those who may be considering engaging the services of a competent Property Manager.